CAD ($)
USD ($)
OECD and the Euro
This week, the Organization for Economic Cooperation and Development (OECD) revised down their forecast for global economic growth.
Entries by Border Gold Corp.
The Rising Greenback
The movement witnessed in all asset classes on Wednesday more than adequately exemplifies the US Federal Reserve’s influence on financial markets.
Loonie Under Attack
If the downward pressure on the loonie from the selloff in commodity prices wasn’t convincing enough to send it below 98 cents, the flat inflation numbers reported Friday morning was definitely the icing on the cake.
Tide Change
As Canadians, we cannot help but shiver a little bit when Stanley Druckenmiller, the man that “broke the bank of England” with George Soros, calls for an end to the commodities supercycle.
Coyne Affair 2.0
It seems surprising, given that Mr. Carney did not even complete his full term at the Bank of Canada that our federal government would imply by this maneuver for a switch in policy direction.
Overconfident American?
If anything is evident from the United States first quarter GDP numbers it is that confidence has returned to their economy.
Paper versus Physical
Demand for taking delivery of physical gold and silver has multiplied thanks to institutional investors and investment banks ditching their positions in the asset class.
Gold’s Fashionable Fall
There is a lot to make of the action in the gold market over the last week. This selloff though, can really be attributed to three main events, and the rationale behind them will continue to influence the market in the months to come.
Societe Generale’s End to a Golden Era
Societe Generale released a special report this week that’s caught the attention of many commenting on what they dub “The End of the Gold Era.” Further, their bearish outlook has the price of gold to finish the year at $1,375 per ounce.
The Beginning of the End of the Euro…for Cyprus?
There can be rallies in the street and turmoil surrounding government buildings, but plain and simple, when the numbers don’t add up the options are extremely limited.